Credit card debt the lowest priority
Australians facing financial hardship will pay their phone bill before any other form of debt, with people most likely to default on maxed out credit cards.
Economy, Business and Finance
Aussies who accessed early super stayed on benefits longer, researchers find
The maximum $10,000 represented approximately 13 weeks of (effectively doubled) unemployment benefit, and eight weeks of the minimum wage.
Queensland-Japan hydrogen and new energy economy commitment
QUT has continued its investment in clean and green energy in Queensland by renewing its International Cooperation Agreement with the University of Tokyo (UTokyo) to develop joint venture projects and facilitate joint academic and scientific activities.
We pay billions to subsidise Australia’s fossil fuel industry. This makes absolutely no economic sense
Australia spends billions each year giving subsidies to the fossil fuel industry, despite our climate change commitments. The Australia Institute estimates that in the 2021-22 budget period, Australian federal and state governments’ total fossil fuel subsidies cost A$11.6 billion. That’s up $1.3 billion on the previous year.
Fossil fuel subsidies make “no economic sense”
Australian federal and state governments’ total fossil fuel subsidies cost $11.6 billion - up $1.3 billion on the previous year.
The fraying kangaroo: Why the national carrier’s descent will continue
Interest rates set to rise for fifth straight month
The Reserve Bank of Australia board is expected to lift the official cash rates for the fifth month in a row when it meets on Tuesday.
Pensions bumped up as living costs rise
An indexation increase on September 20 will be the largest rise for welfare payments in more than 30 years and the biggest for pensions in 12 years, Social Services Minister Amanda Rishworth says.
Queensland to miss out on 90% of new coal mine royalties
Queensland might be entitled to less than seven per cent of royalties generated by a major thermal coal mine that is one step away from approval.
Wall St closes lower on rate hike worries
US stocks have closed lower for a third straight session as a rise in job openings fuelled fears the US Federal Reserve has another reason to maintain its aggressive path of interest rate hikes to combat inflation.
ASX falls 2.0pct in worst drop in 8 weeks
The local share market has suffered its worst loss since early June following hawkish comments by America's top central banker.
Qantas posts $1.9 billion loss but revenue up
Qantas has posted a full-year underlying pre-tax loss of $1.86 billion after border closures and travel uncertainty as the COVID-19 pandemic weighed on earnings.
Virgin Australia to add more Boeing 737 MAX 8s
Virgin Australia is adding four Boeing 737 MAX 8 aircraft to its fleet, taking its number of Boeing 737s to 92.
ASX falls 1.2pct to near three-week low
The local share market has suffered its worst loss in seven weeks as traders suddenly turn skittish ahead of a major conference of central bankers from around the world.
Wages grow 2.6 per cent in June quarter: ABS
Workers saw a 2.6 per cent boost to their pay packets in the year to June but the increase is unlikely to do much to alleviate the soaring cost of living.
Gamers join Aust-made Cult of the Lamb
The Australian-made video game Cult of the Lamb has topped global gaming charts on the first weekend of its release.
Canberra Airport reopens after shooting
A man has been arrested after firing as many as five shots inside Canberra Airport, forcing passengers to evacuate and planes to be grounded.
Queensland business downcast amid strong earnings
Queensland businesses expect sales and revenue to grow, but they're less confident amid record operating and labour costs, a survey shows.
Farm safety focus as study reveals deaths
A study of unintentional farm deaths across Australia shows older men are more likely to have fatal accidents, with vehicles and machines the biggest risks.
Renewable energy project gets $160m boost
A landmark agreement to fast-track connection of Australia's largest wind farm precinct to the national electricity grid has been inked.
Most farmers optimistic about the future
An agribusiness report into intergenerational report has found more than three quarters of farmers are optimistic about the future of farming.
Mining magnate Rinehart to expand Queensland gas
Mining magnate Gina Rinehart is partnering with South Korean steel giant POSCO to expand gas projects in Queensland in a move welcomed by local industry.
ASX gains 0.1pct but banks lose ground
The local share market has closed modestly higher despite weakness in the financial sector and losses by the big three iron ore giants
Mammoth warehouse delivers goods faster
A robotics centre in western Sydney is helping small and medium sized businesses deliver faster to their customers.
CBA profit jumps to nearly $10 billion
Australia's biggest lender has lifted its annual profit by 11 per cent and declared a final dividend of $2.10 a share.
RBA outlook could line up with Treasury
The central bank will release its quarterly Statement on Monetary policy, setting out new forecasts for the economy, labour market, wages and inflation.
CBA first big bank to follow RBA rise
Commonwealth Bank of Australia has lifted its variable home loan rates in line with this week's interest rate hike by the central bank.
Govt to work close with gas companies: PM
The prime minister says he wants to ensure gas supply in the domestic market following an extension of the trigger mechanism.
Composers and game makers hit high score
Australia's video games development sector is worth hundreds of millions of dollars, including work by developers and music composers.
Owner-occupiers make loan switch: ABS
Owner-occupiers are trying to get better mortgage deals as interest rates rise, Australian Bureau of Statistics data released on Tuesday shows.
Sydney, Melbourne lead house price plunge
Five in eight capital cities have experienced declines in housing values in July as national prices mark the third consecutive month in the red.